August 2023 brought stability to the Thai economic and household index (KR-ECI) as it held steady at 36.2, with the three-month index maintaining its position at 38.9, similar to July’s figures. This resilience comes amidst an economic landscape in Thailand characterized by lingering uncertainty. Looking ahead, the index appears poised for a gradual recovery, aligning …
In a move that came as no surprise to financial markets and economists, the Reserve Bank of Australia (RBA) announced its decision to leave its policy rate unchanged at 4.10% during its meeting on September 5. This decision marked the third consecutive month of maintaining interest rates and signifies the final monetary policy meeting under …
Australia’s economic landscape is experiencing a shift as households in the country have begun to tighten their belts. According to data released by the Australian Bureau of Statistics (ABS), Australian household spending recorded a year-on-year decline of 0.7% in July. This marks the first dip in spending since February 2021, reflecting growing consumer apprehensions about …
In a recent assessment by Marie Diron, Managing Director of Global Credit Rating and Risk Supervision at Moody’s Investors Service, the outlook for the global economy appears to be one of deceleration. The primary factors behind this slowdown are the persistence of elevated inflation and the accompanying surge in interest rates. Nevertheless, there remains a …
In a bid to reinvigorate economic momentum, China has rolled out a new series of measures, with major banks poised to lower both mortgage and deposit interest rates. This latest move, initiated by the Chinese government, aims to foster an environment conducive to economic revival in the country. Reports indicate that government-regulated banks in China …
China’s banking sector encountered a tumultuous morning as stock prices of prominent banking groups witnessed a sharp decline. The unsettling cause behind this market movement is the widespread concern among investors regarding the Chinese government’s directive to major banks to reduce mortgage interest rates. This move, aimed at stimulating the real estate sector, has generated …
The latest data from the Australian Bureau of Statistics (ABS) has shed light on the state of inflation in the country, revealing a notable deceleration in July. This development, influenced by factors such as reduced fuel prices and decreased holiday travel expenses, has implications for the country’s monetary policy. The Consumer Price Index (CPI), a …
In a notable upswing, gold futures soared to a three-week high on Tuesday, August 29th, benefitting from the weakened state of the dollar. Simultaneously, lackluster US labor data further fueled speculations that the US Federal Reserve (Fed) could halt its interest rate hikes. Gold futures demonstrated a remarkable climb of $18.30, equivalent to a 0.94% …
The Hong Kong property market is grappling with a sustained downward trend as house prices experience a continuous decline for the third consecutive month. The real estate landscape in the city is being reshaped by a combination of factors, including elevated interest rates and a sluggish economic outlook, which have contributed to waning homebuyer confidence. …
In a stunning move that has caught both analysts and the financial world off-guard, the Turkish National Bank has announced an extraordinary increase in its interest rates. The interest rate has soared from its previous mark of 7.50% to an astounding 25.00%. This decisive step has surpassed predictions by financial experts who had anticipated a …
Turkish Central Bank Takes Bold Action with Interest Rate Surge to 25.00% Read More »